USD 124.75

Gainer · 1 USD 124.75 Thu Mar 15, 2012 2:15 am

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1 United States Dollar (USD) is equal to 124.75 Sri Lankan Rupee (LKR)

CSE.SAS · 2 Rupee at record low Thu Mar 15, 2012 2:21 am

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Reuters: The rupee hit a new record low of 124.80 on Wednesday due to importer dollar demand ahead of the April festive season, currency dealers said, after the Central Bank kept key policy rates unchanged. The rupee slightly recovered to close at 124.40/60 a dollar, down from Tuesday’s close of 123.30/70. Dealers said that the highest trade was done at 124.80. “The Central Bank made a wrong decision in keeping the rates steady,” said a currency dealer on condition of anonymity.

“That means heavy pressure on the exchange rate now. But we hope the rupee will recover to around 121 levels towards the end of this month on declining importer dollar demand and expected exporter conversions.”

The rupee has depreciated 8.4 per cent since the Central Bank on 9 February stopped defending a specific exchange rate. A Reuters monthly forex poll has forecast the rupee to fall as far as 128.50 by the end of August.

The Central Bank on Wednesday kept its policy rates steady, contrary to market expectations of an increase, and cut this year’s economic growth target to 7.2 per cent from eight per cent.

T-bill rates rose between 28 to 31 basis points at a weekly auction, despite the Central Bank holding policy rates firm.

The stock market meanwhile edged down as investors stayed away on negative sentiment due to slower economic growth forecasts and fears of high interest rates.

The main share index barely moved down to 5,418.07. The day’s turnover was Rs. 1.21 billion ($ 9.80 million), highest since 1 March, but below last year’s daily average of Rs. 2.3 billion. Volume was Rs. 45.4 million. Last year’s daily average was a record Rs. 102.7 million.

Foreign investors bought shares worth Rs. 71 million, extending the offshore net foreign inflow to Rs. 3.13 billion so far this year, after a net outflow of Rs. 19.1 billion last year.

The Colombo Bourse is one of the worst performers this year among Asian markets, with a 10.8 per cent loss.
http://www.ft.lk/2012/03/15/rupee-at-record-low/
http://forum.srilankaequity.com/t16834-sri-lanka-newspapers-thursday-15-03-2012#110808

Mettasena · 3 Re: USD 124.75 Thu Mar 15, 2012 3:08 am

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Gainer wrote:1 United States Dollar (USD) is equal to 124.75 Sri Lankan Rupee (LKR)

Time to change our dollars

Malika1990 · 4 Re: USD 124.75 Thu Mar 15, 2012 1:24 pm

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now 125.96 Laughing

mra · 5 Re: USD 124.75 Thu Mar 15, 2012 1:28 pm

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expected 128/- before budget (max.time.)
I have alerted through one of my thread to buy $ and keep when it was 115/- level.
hope few got benefited. cheers

sureshot · 6 Re: USD 124.75 Thu Mar 15, 2012 1:53 pm

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i was told 135+ soon affraid

Universalgoal · 7 Re: USD 124.75 Thu Mar 15, 2012 2:48 pm

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sureshot wrote:i was told 135+ soon

sure shot 128 is sure not 138 (kabral de kiwwe) lol!

Deva · 8 Re: USD 124.75 Thu Mar 15, 2012 3:24 pm

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Signs for a prosperous future. lol!

sriranga · 9 Re: USD 124.75 Thu Mar 15, 2012 7:30 pm

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The rupee closed at 125.00/25 against the greenback with the peg weakening as low as 125.10 in intra-day trade, dealers said.

-LBR
http://lbr.lk/fullstory.php?nid=201203151805497932

FXX · 10 Re: USD 124.75 Thu Mar 15, 2012 8:45 pm

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Gus I need to buy some USD before end of this month, shall i buy soon or wait ?

Gainer · 11 Re: USD 124.75 Fri Mar 16, 2012 12:07 am

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today 1 United States Dollar (USD) is equal to 125.15 Sri Lankan Rupee (LKR)

chamith · 12 Re: USD 124.75 Fri Mar 16, 2012 2:05 am

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SL should be thanking the millions of people (24% of workforce) who work in abroad to earn all these much needed $s

FXX · 13 Re: USD 124.75 Fri Mar 16, 2012 12:24 pm

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checked with Sampath Bank now and the USD is 127

manula · 14 Re: USD 124.75 Fri Mar 16, 2012 1:06 pm

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chamith wrote:SL should be thanking the millions of people (24% of workforce) who work in abroad to earn all these much needed $s

Yes.. this is correct... Very Happy

Monster · 15 Re: USD 124.75 Fri Mar 16, 2012 1:31 pm

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manula wrote:

chamith wrote:SL should be thanking the millions of people (24% of workforce) who work in abroad to earn all these much needed $s

Yes.. this is correct...

Correct Chamit. When I transfer my some funds to Sri Lanka last week, I noticed my monthly income has increased by almost 10% without my knowledge. Cool

What I am meaning is, rupee value has depreciated. Hence, we get more rupee, which we earn in foreign currency.

manula · 16 Re: USD 124.75 Fri Mar 16, 2012 1:34 pm

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Monster wrote:

manula wrote:

chamith wrote:SL should be thanking the millions of people (24% of workforce) who work in abroad to earn all these much needed $s

Yes.. this is correct...

Correct Chamit. When I transfer my some funds to Sri Lanka last week, I noticed my monthly income has increased by almost 10% without my knowledge. What I am meaning is, rupee value has depreciated. Hence, we get more rupee, which we earn in foreign currency.

Yes... our salary also increased... with out any knowledge.. last month 1QR is SLR and today it is SLR... but what happen to people who are working in SL... How they survive....

Monster · 17 Re: USD 124.75 Fri Mar 16, 2012 1:42 pm

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manula wrote:

Monster wrote:

manula wrote:

chamith wrote:SL should be thanking the millions of people (24% of workforce) who work in abroad to earn all these much needed $s

Yes.. this is correct...

Correct Chamit. When I transfer my some funds to Sri Lanka last week, I noticed my monthly income has increased by almost 10% without my knowledge. What I am meaning is, rupee value has depreciated. Hence, we get more rupee, which we earn in foreign currency.

Yes... our salary also increased... with out any knowledge.. last month 1QR is SLR and today it is SLR... but what happen to people who are working in SL... How they survive....

True manula. It's pathetic. The salaries didn't increase for those who are working in public and private sectors in Sri Lanka according to the rising cost of living. There is rumor that the fuel price is going to increase again near future. Yes, based on dollar value, fuel price should be adjusted accordingly. If fuel price goes up, every thing will go up gradually.

chamith · 18 Re: USD 124.75 Fri Mar 16, 2012 1:59 pm

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I remember month before i sent some money for 176LKR but today 194 LKR for a £. Its a massive difference.

But today one of my friend is worrying how to get money from Sri Lanka to pay for his University.

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USD 124.75

1 USD 124.75 Thu Mar 15, 2012 2:15 am

Gainer

2 Rupee at record low Thu Mar 15, 2012 2:21 am

CSE.SAS

3 Re: USD 124.75 Thu Mar 15, 2012 3:08 am

Mettasena

4 Re: USD 124.75 Thu Mar 15, 2012 1:24 pm

Malika1990

5 Re: USD 124.75 Thu Mar 15, 2012 1:28 pm

mra

6 Re: USD 124.75 Thu Mar 15, 2012 1:53 pm

sureshot

7 Re: USD 124.75 Thu Mar 15, 2012 2:48 pm

Universalgoal

8 Re: USD 124.75 Thu Mar 15, 2012 3:24 pm

Deva

9 Re: USD 124.75 Thu Mar 15, 2012 7:30 pm

sriranga

10 Re: USD 124.75 Thu Mar 15, 2012 8:45 pm

FXX

11 Re: USD 124.75 Fri Mar 16, 2012 12:07 am

Gainer

12 Re: USD 124.75 Fri Mar 16, 2012 2:05 am

chamith

13 Re: USD 124.75 Fri Mar 16, 2012 12:24 pm

FXX

14 Re: USD 124.75 Fri Mar 16, 2012 1:06 pm

manula

15 Re: USD 124.75 Fri Mar 16, 2012 1:31 pm

Monster

16 Re: USD 124.75 Fri Mar 16, 2012 1:34 pm

manula

17 Re: USD 124.75 Fri Mar 16, 2012 1:42 pm

Monster

18 Re: USD 124.75 Fri Mar 16, 2012 1:59 pm

chamith

19 Re: USD 124.75

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